Barclays investment bankers welcome Staley whistleblowing decision

Bankers relieved that regulators opted to give the chief executive a fine rather than a ban

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By

Paul Clarke

April 20, 2018 Updated: 2:33 p.m. GMT

The decision by UK regulators to fine but not ban Barclays chief executive Jes Staley over his attempts to unmask a whistleblower is a boost to the group's investment bank — which could yet find itself in the crosshairs of a prominent activist investor — insiders say.

Investment bankers at Barclays' Canary Wharf headquarters have expressed relief that the Financial Conduct Authority and Prudential Regulation Authority have brought to an end a joint investigation into Staley's 2016 handling of a complaint against an employee...